Medicare Advantage cost increases

[Anonymous]

I just got a notice that my Mutual of Omaha Medicare advantage G plan is going up 44% later this year. That’s up 72% in two years. It’s crazy because I’m very healthy and this year they’ve only paid out $50. Naturally the letter I received doesn’t say why there is such a big increase. Any one else in this boat?

[Anonymous]

Anonymous wrote:I just got a notice that my Mutual of Omaha Medicare advantage G plan is going up 44% later this year. That’s up 72% in two years. It’s crazy because I’m very healthy and this year they’ve only paid out $50. Naturally the letter I received doesn’t say why there is such a big increase. Any one else in this boat?

This is not a Medicare Advantage. It is a Supplemental medicare insurance Part G. It should cover whatever the medical bill that Part A and Part B do not cover. The bad thing about the supplemental Part G is that the premium will increase as you get older.

[Anonymous]

Medical care usage has been surging over the past two years. Insurance companies are losing a ton of money and need to increase premiums to cover the increased costs.

[Anonymous]

Medical care usage has been surging over the past two years. Insurance companies are losing a ton of money and need to increase premiums to cover the increased costs.

A huge reason for that is Private Equity companies. Neither political party is protecting consumers. Do some research.